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Strategies & Market Trends : Asia Forum -- Ignore unavailable to you. Want to Upgrade?

To: Stitch who wrote (4294)	6/9/1998 6:50:00 AM
From: Frodo Baxter	Read Replies (1) \| Respond to of 9980

re: dollar diplomacy mtholyoke.edu Be advised that I was just using the term in a loosey-goosey kind of way. What I was alluding to is that it is very possible that the dollar may evolve from being the reserve currency to being the de facto currency. Actually, it's just the continuation of present trends. Argentina, Hong Kong, Bulgaria have formalized that relationship; in other countries it is implicit (leaving room for uncertainty, which tempts speculators). What I'm suggesting is that the costs of having an independent currency may outweigh its benefits. This is desirable for the U.S. in many ways, not the least in that dollars would possess a currency premium in much the same way that gold used to.